5 issues to know earlier than the inventory market opens Friday

Listed below are an important information, developments and evaluation that traders want to begin their buying and selling day:

1. Inventory futures flat after first week of second-quarter earnings

Michael Nagle | Bloomberg | Getty Pictures

2. Yellen expects more ‘rapid inflation’ ahead before cooling kicks in

Secretary of the Treasury Janet Yellen speaks during a daily news briefing at the James Brady Press Briefing Room of the White House May 7, in Washington, DC.

Alex Wong | Getty Images

3. Biden says U.S. will caution businesses about ‘deteriorating’ situation in Hong Kong

U.S. President Joe Biden delivers remarks on the U.S. COVID-19 vaccination effort at Green Road Community Center in Raleigh, North Carolina, U.S. June 24, 2021.

Jonathan Ernst | Reuters

The U.S. plans to issue an advisory warning to American businesses about “what may happen” in Hong Kong, as the Chinese government further exerts influence over the semi-autonomous region, President Joe Biden said Thursday. Biden said the situation in the Asian financial hub “is deteriorating,” and he criticized Beijing for “not keeping its commitment” to the former British colony, which returned to Chinese rule in 1997. Reuters reported that the Biden administration is preparing a round of sanctions on Chinese government officials for their role in cracking down on democracy in Hong Kong.

The Biden administration’s planned actions reflect the continued tensions in the U.S.-China relationship, which also was frosty under then-President Donald Trump.

4. Intel in talks to acquire GlobalFoundries for roughly $30 billion, WSJ reports

The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif.

Justin Sullivan | Getty Images

5. L.A. County to put indoor mask mandate back in place

A son hugs his mother as a concessions worker hands over napkins and soda inside the AMC movie theater at the Westfield Century City shopping mall in Los Angeles, California, on Monday, March 15, 2021.

Bing Guan | Bloomberg | Getty Images

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